Which of the following statements is the best critique of the use of GDP per capita to compare welfare between nations?
A) GDP per capita is commonly used as a measure of welfare so it must be a valid measure.
B) GDP per capita is independent of the country's currency so it is not subject to change due to variations in exchange rates.
C) GDP per capita is calculated in a consistent and reliable way so it is not subject to measurement errors.
D) GDP per capita is highly correlated with alternative measures of quality of life .
Correct Answer:
Verified
Q10: Which of the following statements about real
Q11: Investments in both physical and human capital
Q12: Which of the following is not a
Q13: Compared to IACs, LDCs are often characterized
Q14: The poorest regions in the world, as
Q16: According to the classification in the text,
Q17: Which of the following represents a problem
Q18: Which of the following is a problem
Q19: GDP per capita is a relatively good
Q20: Which of the following is not a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents